SBI Card leads May credit card additions as industry adds nearly 1 mn cards
SBI Card added the highest number of new credit cards in May as the industry added nearly one million cards, while credit card spending rose to Rs 2.02 trillion
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Aathira Varier
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Prime borrowers emerge as key users of Credit Line on UPI: Suryoday SFB
Suryoday SFB launched its Credit on UPI product in August 2025 in partnership with Paytm
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Insurers may invest up to 5% of surplus funds in private ltd firms: Irdai
The regulator has proposed permitting insurers to invest a portion of surplus shareholders' funds in eligible private companies while tightening promoter-group exposure norms
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India sees 30% rise in transactional risk insurance claims: Marsh report
Private equity-backed transactions accounted for 92% of claim notifications, with tax-related issues emerging as the most common trigger
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RBI allows NBFCs to distribute insurance products without its nod
New framework permits insurance distribution subject to Irdai approval and lays down safeguards for sale of third-party financial products
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ICICI Lombard says E-20 fuel use won't affect motor insurance claims
The insurer clarified that the use of E20 fuel does not affect the validity of motor insurance policies and will not be treated as negligence while assessing claims
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Microfinance portfolio grows in Q4 FY26 for first time in seven quarters
India's microfinance sector recorded its first sequential portfolio expansion in seven quarters, while asset quality improved and disbursements reached a seven-quarter high
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India Inc's ECB, FCCB intent moderated to $3.76 billion in April
Indian companies proposed raising $3.76 billion through external commercial borrowings and foreign currency convertible bonds in April, down from $5.43 billion in March
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